Estee Lauder executive buys 6-year-old Palm Beach mansion, then tears it down

PALM BEACH, Fla. — It looks like one Palm Beach billionaire’s treasure is another Palm Beach billionaire’s trash.

A limited liability company related to Estee Lauder executive chairman William P. Lauder purchased the property at 1071 N. Ocean Blvd. at the end of last year, the Palm Beach Daily News reported.

Andy Kropa/Invision/AP

Danielle Lauder and William P. Lauder, Executive Chairman of Estee Lauder attend the Breast Cancer Research Foundation’s Hot Pink Party at The Glasshouse on Tuesday, May 10, 2022 in New York City.

Now, the three-story, 35,000+ square foot oceanfront mansion is being torn down – likely to make way for another, even bigger mansion.

The opulent estate, which was built in 2016, was razed Wednesday after a notice to begin demolition of the property was recently filed with the Palm Beach County Clerk’s Office.

According to the Palm Beach Daily News, the demolition is billed as the costliest dismantling in the city’s history.

Palm Beach Police vehicle parked in front of the Estee Lauder mansion being demolished at 1071 N. Ocean Blvd.  in Palm Beach, October 26, 2022

Eric Pasquarelli/WPTV

A Palm Beach Police officer watches outside 1071 N. Ocean Blvd., which is being demolished, Oct. 26, 2022, in Palm Beach, Florida.

Some residents angered by demolition told the Daily Beast that leveling is a “complete rubbish” and an eyesore after years of construction, renovations and now this.

The 6 year old mansion had been built with a home cinema, library, wine cellar, fitness center, hair salon and pub room.

Palm Beach County property records show it changed hands in 2019 before Reiwa Holdings LLC took control two years later.

Plans for the future of the property were not submitted to the city, leaving the future of the lot in limbo.

The Palm Beach Daily News reported that Lauder also owns a vacant parcel of land next to the property through another LLC.

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